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submitted 4 months ago by bot@lemmit.online to c/monero@lemmit.online
This is an automated archive made by the Lemmit Bot.

The original was posted on /r/monero by /u/MoneroFox on 2024-06-12 11:08:52+00:00.


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While the majority of cryptocurrencies’ transactions, addresses, blocks, timestamps and other data are publicly visible in blockchains, some cryptocurrencies obscure such visibility. These cryptocurrencies are generally referred to as privacy coins, of which Monero, Zcash and Grin are examples. Monero, introduced in 2014, is the most commonly used privacy coin. Despite its privacy features, Monero has not overtaken Bitcoin in popularity amongst criminals. This may be the case due to the higher liquidity of Bitcoin and other cryptocurrencies. Also,Monero has been delisted at many exchanges because the origins of funds cannot be determined, which leads to a lack of compliance with anti-money laundering rules.

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Monero: the secure, private, untraceable currency

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This is the official subreddit of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

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